EUR/USD BUY $$$
The price hit the 4-hour support zone. Now, after the formation of a valid bullish MSS, we wait for a 5-minute confirmation in the 15-minute order block zone.
Elliott Wave
ETHUSDT in Short-TermEthereum appears to be poised to begin a multi-month bullish move in the short term.
The Bullish Case of XTZ#Tezos recently passed $1.594, presenting a bullish idea with the potential to target a new all-time high in the long run.
As long as the price holds above $0.578 (the stop-loss), further bullish momentum is anticipated.
GBP/USD Elliott Wave Update – Wave 3 Peaks, Wave 4 in Progress!GBP/USD has completed its impulsive Wave 3 and is now forming Wave A of Wave 4, signaling the start of a corrective phase. Will the pair continue lower to complete Wave 4 before resuming the uptrend? Here’s my latest analysis on the next key levels!
PEPE $17Billion-$13Billion marketcap achievable?PEPE has rebounded to a key Fibonacci level, and I anticipate a final upward leg targeting a market cap of $17-13 billion . With a supporting bullish divergence, I am confident that PEPE is well-positioned to achieve this target.
SPX Pullback Expected To Hold in 3, 7 Or 11 SwingsShort Term Elliott Wave view in S&P 500 ( SPX) suggests that rally to new all time high on 12.16.2024 at $6099.97 ended wave ((3)). Pullback in wave ((4)) is proposed complete at $5773.20 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded as Elliott wave double three structure. Down from wave ((3)), wave (W) ended in lesser degree 3 swings at $5832.30. Wave (X) bounce ended in 3 swings at $6049.75 high. Then wave (Y) lower ended at $5773.20 low with another lesser degree 3 swings thus completed wave ((4)) pullback.
The Index has turned higher in wave ((5)) and managed to make a new high above previous wave ((3)) high of $6099.97 confirming the next extension higher. Up from wave ((4)), the rally took place as an impulse sequence where wave ((i)) ended at $5871.92 high. Wave ((ii)) pullback ended at $5805.42 low. Index nested higher in wave ((iii)) & ended at $5964.69 high. Then wave ((iv)) pullback ended at $5930.72 low. Above from there, wave ((v)) ended with extension at $6128.18 high & completed wave 1. Down from there, the index is doing a pullback in wave 2 against 1.13.2025 low. Therefore, pullback should hold in 3, 7 or 11 swings looking for more upside.
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction.
Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction.
XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present.
Support levels: 0.4177, 0.3896
Resistance levels: 0.460, 0.4955
The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales.
Regards R. Linda!
SUI → The coin is coming out of an uptrend. Capitulation?BINANCE:SUIUSDT is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible?
A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver.
At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline.
Resistance levels: 4.489, 4.84, 5.12
Support levels: 4.25, 4.00
A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin!
Regards R. Linda!
CLOUDUSDT H4 (Wave analysis) - Crypto Market (Update)CLOUDUSDT H4 (Wave analysis) - Crypto Market
there are 2 possible scenarios as shown in chart
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - FLAT PATTERN BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation).
Conclusion: The previously mentioned ALT wave count scenario is triggered, gold continues to fall lower with a ((c))-navy wave.
Probability assessment: Main wave count scenario.
Forecast direction: Pushing much lower.
Long-term bullish potential: Not really, the ((c))-navy wave can move to lower targets; therefore the medium-term outlook is bearish.
Details:
We are moving down with a ((c))-navy wave in a flat pattern of 4-grey wave. The decline will move to a target of 2,671.0 and then 2,596.7. While the price must remain below 2,794.8 to maintain this view.
Invalidation Point: 2,794.8.
CVT DailyCVT closing in on 2009 low,
I've entered within the triangle, scaling in as a small early position (this is a multi year trade)
Currently broken lower as most triangles continue on, and there is a 5 wave structure lower and showing a fib cluster for a potential end of wave 5
Will buy again around the wave 5 cluster low if there are some bullish candles start showing up or clear divergence and a small candle...
Litecoin getting ready to ripI believe litecoin is in a ABC correction currently in C wave I believe it will do a False breakout to the downside then rip to the upside. 103 area would be .618 of wave A if wave C is equal to wave A then we could see 80-82$ area either way my first buy is at the bottom trend line then I will wait for price action.
NVIDIA Wave Analysis 27 January 2025
- NVIDIA broke support zone
- Likely to fall to support level 115.00
NVIDIA opened today with the sharp downward gap breaking the support zone located between the support level 126.65 (former monthly low from December) and the 38.2% Fibonacci correction of the upward impulse from August.
The breakout of this support zone accelerated the active short-term impulse wave i, which belongs to the intermediate impulse wave (3) from November.
NVIDIA can be expected to fall further to the next support level 115.00 (former monthly low from October).
HOOK: Loading Rocket#HOOK has been in a corrective wave since Feb 2023. It’s in a strong zone to form a major bottom, aligning with the Fib Extension of wave A to B.
Passing $0.48 and $0.72 confirms targeting a new ATH. The price is in ATL, setting a stop-loss isn't possible currently.
Solana 3rd WaveElliott Wave can be very hit or miss, but when used within crypto and technological innovations it actually works a lot of the time.
There is no way to properly value these assets so they trade very much in line with waves of price appreciation and technical retracements.
I believe we are standing on the edge of entering the frenzy phase, the 3rd wave of a larger 3rd wave price advancement.
Get ready to hear all of your friends and family talking about crypto once again.
BTC - 4H Elliott Wave AnalysisGreetings, this is an update for our BTC Elliott Wave count.
In the past days we created another low and saw a very impulsive reaction to it which can be very well counted as five Wave move up. We assume that blue Wave 4 has bottomed in the dip below 90k on the 13th January 2025 and that we started blue Wave 5.
We assume that the recent move up displayed as white Wave 1 is finished as a five wave move up displayed in green and that we started a retracement in white Wave 2.
White Wave 2 support sits between the 0.382 FIB at 99337.8 USD and the 0.786 FIB at 92520.3 USD. After we finish white Wave 2 we can calculate targets for white Wave 3.
I'd like to add some comments regarding the count.
The recent price action is very bullish which opens us a few doors to different possibilities.
I'll make another post for "BTC - 1H Elliott Wave Analysis" where I'll discuss a count in case we get a more direct breakout. I'll link it below as note.
Be aware that we get the inauguration of Trump next week and the stock market is closed on Monday which both can have some effect on Crypto.
Noteworthy is that the red Wave C only touched the 0.618 FIB at 92815.9 USD which is a rare target but a valid one. If we get an aggressive sell of in the coming days we'd assume that the recent move up was only a reset of the red Wave B but we deem that rather unlikely.
Additionally I added the 0.382 FIB at 99337.8 USD to the white Wave 2 support area because the recent price actions was very aggressive and bullish which could mean we only get a shallow retracement. The 0.382 FIB is a rare target for a Wave 2 but a valid and we have seen it in the past in Bitcoin.
Thanks for reading.
NO FINANCIAL ADVICE.
XRP - 4H Elliott Wave AnalysisGreetings, this is our Elliott Wave Analysis for the current XRP chart on the 4H timeframe.
Enjoy! :)
We assume that we have a blue Wave 1 in and work on a blue Wave 2 of the 5th Wave of a higher timeframe. Blue Wave 2 support sits between the 0.5 FIB at 2.8648 USD and the 0.786 FIB at 2.5587 USD. After blue Wave 2 is in we will look for an impulse to the upside in blue Wave 3.
We assume blue Wave 2 is currently ongoing as a WXY displayed in red here. Where we finished Wave W & X and are working on the red Wave Y which is unfolding as an ABC displayed in orange where we are working or finished orange Wave B in the yellow ABCDE triangle.
For targets areas we get plenty of confluences around that 2.83 USD to the 2.77 USD area where the 1 to 1 FIB ratio at 2.7972 USD sits. We also got a wick low right above at 2.8277 USD which could provide some liquidity for a bounce.
Further support would be at the swing low at 2.7107 USD which sits right in the golden pocket displayed at the green box in our blue Wave 2 support area.
And in case we go deep into the support area we have a 1.618 FIB at 2.5447 USD which is in confluence with the 0.786 FIB at 2.5587 USD of our blue Wave 2 support area. That would be a rather deep retracement and we don't want to see a sustained break of the support area.
Be aware that a break above the yellow line at 3.2031 USD would be the first indication that we might be going up more directly up or that yellow Wave C of the Elliott Wave Triangle in orange Wave B is resetting. A break above the yellow A Wave at 3.2854 USD would invalide the Elliott Wave Triangle in the yellow ABCDE and indicate that the price is following another count or breaking out to the upside.
Thanks for reading.
NO FINANCIAL ADVICE.
DOGE/USDT Weekly Chart (Updated)Detailed Analysis of DOGE/USDT Weekly Chart (Updated)
DOGE/USDT is currently navigating a critical consolidation phase within Wave 4, as per the Elliott Wave framework. Below is a detailed breakdown of its technical structure, including key levels and momentum indicators.
1. Elliott Wave Count
DOGE is in a corrective Wave 4 phase, following a strong impulsive Wave 3, which aligns with the Elliott Wave guidelines:
Wave 1 was the initial impulsive move marking the beginning of the trend.
Wave 2 retraced deeply but respected key Fibonacci retracement levels, establishing a foundation for Wave 3.
Wave 3 was the most extended and powerful wave, as evidenced by a steep rise in price and volume, peaking near $0.523.
Wave 4:
Currently forming a correction, likely a flat or triangle structure.
Typical of Wave 4, the correction is shallow compared to Wave 2, adhering to the guideline of alternation.
Consolidating within the 23.6%–50% Fibonacci retracement levels of Wave 3.
2. Fibonacci Retracement Levels
Wave 4 correction is respecting Fibonacci retracement levels:
23.6% retracement ($0.31736): Currently acting as a key resistance.
38.2% retracement ($0.24403): A strong support zone for potential reversal and Wave 5 initiation.
50% retracement ($0.19734): A critical level of last-resort support; a breakdown here could invalidate the current Elliott Wave structure.
3. Wave 5 Projection
Upon completion of Wave 4, DOGE is expected to begin its final impulsive Wave 5. Probable targets based on Fibonacci extensions:
0.618 extension ($0.89646): Primary target, aligning with typical Wave 5 behavior.
0.786 extension ($1.412): Secondary target, achievable under strong bullish conditions.
1.0 extension ($2.229): A highly optimistic target, representing significant bullish momentum or speculative fervor.
Wave 5 is likely to retest the previous Wave 3 peak ($0.523) before advancing to higher Fibonacci extension levels.
4. Volume Analysis
Volume behavior reflects the consolidative nature of Wave 4:
Volume has declined since the Wave 3 peak, indicating reduced market activity—a common characteristic of corrective waves.
A volume breakout above the recent average will serve as a confirmation of the transition from Wave 4 to Wave 5.
5. MACD Indicator
The MACD histogram remains in the negative zone but shows signs of shrinking, indicating that bearish momentum is weakening.
The MACD lines are approaching a potential bullish crossover:
A crossover above the signal line will confirm the start of bullish momentum for Wave 5.
6. RSI (Relative Strength Index)
The RSI is currently at 56.79, within the neutral-to-bullish zone:
This indicates a lack of extreme momentum but leaves room for further acceleration.
A breakout above 70 during Wave 5 would confirm strong bullish momentum.
7. Key Levels to Watch
Support Levels:
$0.31736 (23.6% Fibonacci retracement): Current resistance; a breakout above this level signals strength.
$0.24403 (38.2% Fibonacci retracement): A strong support level where Wave 4 could end.
$0.19734 (50% Fibonacci retracement): Last-resort support; breaking below this invalidates the wave structure.
Resistance Levels:
$0.523 (Wave 3 peak): The first key resistance to break for Wave 5 confirmation.
$0.89646 (0.618 extension): Primary target for Wave 5.
$1.412 (0.786 extension): Secondary target, indicating extended bullish momentum.
8. Risk and Invalidations
Break Below $0.24403: Suggests deeper retracement toward $0.19734.
Break Below $0.19734: Invalidates the current Elliott Wave structure, signaling potential further downside.
Broader Market Sentiment: DOGE's movement will likely be influenced by the overall cryptocurrency market sentiment, making external factors (e.g., BTC dominance, macroeconomic conditions) crucial to monitor.
9. Confluence Factors for Wave 5 Confirmation
A breakout above $0.31736 with high volume.
A bullish MACD crossover above the signal line.
RSI moving into the 70+ zone, signaling strong upward momentum.
Conclusion
DOGE/USDT is currently consolidating within a Wave 4 corrective phase, hovering around key Fibonacci retracement levels. If the price respects the $0.24403 support and breaks above $0.31736, it is likely to enter Wave 5, targeting $0.89646 (0.618 extension), with stretch targets at $1.412 (0.786 extension). Risk lies in a break below $0.19734, which would invalidate the wave structure.
Let me know if you’d like further analysis or adjustments!
Bitcoin H4 (Wave Analysis) - UpdateBitcoin H4 (Wave Analysis) - Update
We are in impulse wave?
Regards,
Black Swan or Buying Opportunity?As I see it, it's always a shake out.
This wider market reaction to the Deepseek startup, in my view, is just another opportunity to find a buy. There will still be demand on the inference side of LLMs for NVIDIA chips, regardless, and the current data centres can be used for other tasks than model training.
On Bitcoin, what interests me is seeing where the support is and how price reacts at those levels. It would be great if that finished in 5 with another move to the 618, maybe giving the termination point of a 2nd wave decline. However, I'm not yet convinced the 4th wave at the larger degree is actually finished. It's possible another move down to the bigger 236 comes to complete a flat, with the brief move above the previous all time high the termination point of a B wave of that flat.
Again though, these are the day to day fluctuations in an overall upwardly valued asset.
GBP/USD Bullish Cycle: Wave 5 Nears Completion, What's Next?GBP/USD is nearing the completion of wave 5 of lower degree, signaling a potential pullback for a higher-degree wave 4 correction. This retracement could set the stage for the final leg up in the broader bullish structure. Will key support levels hold before the next rally? Here’s my in-depth Elliott Wave analysis!
